Sell @ $0.535, $0.54
Contra off my 2 recent batches. Share price was strong today even tho' STI was weak (-30 mostly). There's a possibility that Shares Buy Back (just cleared EGM recently and Blackout lifted with the announcement of Q1 results on 8-May) may have started (made a mistake in original post as forgot to x 1.05 and had wrongly concluded the price rise can't be due to Shares Buy Back) as the Max Avg Buy Price is calculated by the formula of 105% of Average 5-Days Closing Prices.
- 5-May (Tue) : $0.52
- 6-May (Wed) : $0.515
- 7-May (Thu) : $0.505
- 8-May (Fri) : $0.510
- 11-May (Mon) : $0.53
Max Average Share Buy Back Price = $0.542
With 12-May (Tue) = $0.54, Max Average Share Buy Back Price = $0.546
Q1 results were out last Friday after mkt closed. Revenue & Profits were as per guided in the previous Q ie improved, altho' it was lower on a yoy basis. The expected 1ct div was maintained (FCF = 1.49ct).. The forward guidance is 2H15 is now expected to see better biz, instead of 1H15. If I were to read between the lines, I'm guessing that Q2 will at best be flat, with the possibility of weakness… AMAT results were also out, looked flat for SSG segment. Let's continue to monitor BB Ratio… 😀